Amundi Sells 693,944 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Amundi decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 99.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175 shares of the aerospace company’s stock after selling 693,944 shares during the quarter. Amundi’s holdings in Spirit AeroSystems were worth $40,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth $32,000. Quest Partners LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter worth $49,000. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth $149,000. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

SPR has been the subject of several research reports. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Stock Up 1.5 %

Shares of NYSE:SPR opened at $35.51 on Friday. The firm has a market capitalization of $4.15 billion, a PE ratio of -2.86 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.92 and a twelve month high of $37.08. The company has a 50-day moving average price of $34.12 and a two-hundred day moving average price of $33.15.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.